Section - 45MAA - Power to take action against auditors
[Power to take action against auditors45MAA. Where any auditor fails to comply with any direction given or order made by the Bank under section 45MA, the Bank, may, if satisfied, remove or debar the auditor from exercising the duties as auditor of any of the Bank regulated entities for a maximum period of three years, at a time.]
1. Inserted by Finance (No. 2) Act, 2019, w.e.f. 9-8-2019.
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